Yes Bank shares jumped 6% to Rs 22.86 after the bank announced a June 3 board meeting to consider capital raising via equity, debt, or other instruments. The move follows SBI’s plan to sell a significant part of its 23.97% stake to Japan’s SMBC, which may inject further capital and potentially raise its stake to 51%.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets